If you’ve posted something for sale on the internet, watch out for potential “buyers” out to get your money.
Here’s the scenario: A buyer contacts you and says a friend owes him money, which he’ll use to buy your item. The “friend” sends YOU a cashier’s check worth more than the item you’re selling. You’re asked to cash the check, keep what the buyer owes you, and wire the buyer the remaining funds. Unfortunately, that cashier’s check is fake.
Protect yourself by:
- Using a reputable internet payment service
- Accept exact-amount payments; make sure the payment clears before completing the sale